Boston-based Eze Software offers order management, execution management and portfolio accounting technology to 25000 buy and sell-side client in 45 countries. In 2017, the firm recorded total revenues of $280 million and Adjusted Ebitda of $105 million.

SS%C expects $30 million of run rate savings from the deal, which will see 1,050 Eze Software employees added to its roster.

The agreement confirms an ongoing trend for back and middle-office technology houses to buy into the front office in a bid to offer a comprehensive full trade lifecycle service for capital markets firms. Just last week, State Street clinched a deal to acquire Charles River Development in an all cash transaction valued at $2.6 billion.